Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Sudden slump sees Bitcoin lose support for five figures
After managing to maintain support above $10,000, Bitcoin (BTC) finally succumbed to bearish pressure this week — shedding $500 in a matter of minutes on Wednesday to stabilize at about $9,500. Altcoins weren’t immune to the sell-off either. Some, including Ether (ETH) and Binance Coin (BNB), actually fared far worse in comparison. Analysts have warned that monthly charts are also looking “ugly,” but optimists claim conditions in the Bitcoin market at present are not too dissimilar to the middle of 2016, when momentum was about to start taking the world’s biggest cryptocurrency to its record high of $20,000. It’s fair to say that other predictions haven’t aged all that well. Nigel Green, the CEO and founder of financial consultancy firm deVere Group, said he believed $10,000 was the new normal bottom price for Bitcoin — a support level that was wiped out a day later.
Craig Wright must forfeit 50% of Bitcoin in court case
Chinese central bank ‘crypto’ not launching in November — state media
Facebook (NASDAQ:FB) hires lobbying firm to ease regulatory pressure on Libra
Bitcoin returns have dwarfed every tech IPO since 2010, new data shows
Bitcoin price 93% unlikely to hit $20,000 by end of 2019, data claims
French police shut down 850,000 computer botnet used for cryptojacking
Report: Cryptojacking campaigns up by 29%, ransomware attacks up 118%
Senior UN official: Cryptocurrency makes criminals harder to catch
Crypto custody market overview — who are the biggest players?
Paranoia and love: What pushes tech? A discussion with Prof. Reichental
Is Bitcoin protected as speech under the First Amendment? Experts answerContinue Reading on Coin Telegraph